AT&T beats estimates for subscriber additions, free cash flow [Yahoo! Finance]
AT&T Inc. (T)
Last at&t inc. earnings: 4/22 06:54 am
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Source: Yahoo! Finance
Shares of the company were up 1.5% in premarket trading. The telecom giant has been leaning on its 5G rollouts and plans that are usually cheaper than rivals such as Verizon to appeal to more budget-conscious consumers and drive growth in the competitive U.S. market. AT&T added 349,000 net monthly bill-paying wireless phone subscribers in the first quarter, flying past expectations of 286,800 additions, according to five analysts polled by FactSet. AT&T's efforts to expand its fiber network also helped it post a 7.7% increase in broadband revenue for the period. "We achieved a record-low first-quarter postpaid phone churn, grew consumer broadband subscribers for the third consecutive quarter, and expanded margins in mobility and consumer wireline," CEO John Stankey said. AT&T's free cash flow more than tripled to $ 3.1 billion, topping estimates of $2.53 billion, according to Visible Alpha. The metric is closely watched by investors as it helps determine dividend payouts
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T
Earnings
- 4/24/24 - Beat
T
Sec Filings
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- T's page on the SEC website